My analysis of market being sideways was wrong by 300 points on Bank Nifty and Nifty by 100. Still I was not worried as I lost only ₹4000/- which is always recoverable.
Problem is when you make a big loss then it becomes unbearable because everyday less premium is available.
As soon as I closed my Iron Flies, I entered into Nifty Strangles of -11350 CE, -11200 PE.
I made Intraday Profit of ₹2600/- on pre-expiry day trading.
Currently, I am holding -8X29200 CE, -8X28700 PE &-7X11200 PE, -7X11350 PE.
Tomorrow, I will cover them slowly.
Here are the net positions:
Updated Trade Sheet: